Lexington requests extension for seventh fund

The firm has asked for a one-year extension to complete the wind down of the fund's portfolio, according to a publicly available document.

Lexington closed the fund on $3.3bn in July 2011 and it was 86% deployed by December 2017, according to Unquote Data.

An LP in the fund reported a 14.93% net IRR for the vehicle in September 2018.

Lexington is currently marketing its ninth fund, launched in February 2018 with a $12bn target.

The GP recently acquired stakes in two UK-focused private equity funds (Scottish Equity Partners' 2006-vintage SEP III, and Gresham Private Equity's 2006-vintage Gresham IV) from the West Midlands Pension Fund, according to public filings. 

Lexington declined to comment.

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